In March 2024, the speaker predicted that Bitcoin's peak, when its MVRV Z-score reached 3, was a mid-cycle top, not the final market cycle top. This implied that after a period of decline, Bitcoin would recover and rise further to eventually reach its true market cycle top.
"Now back in March we suggested that this was likely not a market cycle top but a mid cycle top essentially you know sort of an early top that occurs where the Euphoria kind of front runs everything and then we have to spend a while going down before we then pick back up again"
